The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
October 5, 2023
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

ETC... ETC...
Printer-friendly Version   Email an Associate
Slate Grocery REIT Picks Up 2.3 msf Retail Portfolio


Slate Grocery REIT recently acquired The Sunbelt Retail Growth Portfolio, a 2.3 msf portfolio comprised of 13 open air shopping centers. Slate is an owner and operator of U.S. grocery-anchored real estate.

The 13-property portfolio includes seven properties in Florida, two in North Carolina, and one in Georgia, Massachusetts, Ohio and Virginia. Ten of the centers are grocery anchored and the portfolio was 97% occupied at the time of sale. Across the portfolio, the weighted average anchor tenure is over 17 years while weighted average shop tenure is over 10 years. There is a total population of 2,395,711 within a five-mile radius of the properties.

CBRE’s National Retail Partners team represented the seller, a joint venture between New York-based real estate investment firm Madison International Realty and SITE Centers, an Ohio-based real estate investment trust.

“The Sunbelt Growth Portfolio transaction was strategic for all parties,” said Casey Rosen, Executive Vice President at CBRE. “The seller was able to accretively accelerate dispositions within a portfolio they are winding down and the buyer acquired properties in some of the nation’s strongest demographic and retail markets with opportunities for lease-up, remerchandising and cash flow growth through below-market leases expiring completely in the near future.”

Return to the Archive page



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media